SEC accepted application for registration of Bitcoin Strategy ETF from ProShares

The start of trading is scheduled for Monday, October 18

16.10.2021 - 07:30

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What's new? The US Securities and Exchange Commission (SEC) has approved ProShares' bid for the launching of the Bitcoin Strategy ETF futures fund. This is stated in the prospectus submitted by the company.

Link to the company's prospectus

What is known about the Commission's decision? According to CoinDesk, the SEC commissioners discussed the ProShares fund on Friday, October 15. The approval information is based on the prospectus and the expiration of the 75 days allowed for consideration of the application. Since the regulator did not reject it on time, this is considered a permit, although the Commission did not give it publicly, CoinDesk notes.

Material on the CoinDesk website

When will the Bitcoin Strategy ETF bidding start? The ProShares prospectus indicates that the bidding starts on Monday, October 18. The main asset of the fund is the BTC futures on the Chicago Commodity Exchange (CME).

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